Open

Coming up

Don't miss

Replay


LATEST SHOWS

AFRICA NEWS

Rwandan singer amongst terror plot suspects

Read more

DEBATE

What's Putin's Plan? Kiev Accuses Russia of Terrorism

Read more

FOCUS

Campaigning against Bouteflika's re-election... in France

Read more

WEB NEWS

Chile: Online mobilization to help Valparaiso fire victims

Read more

ENCORE!

Art, sex, money, memory and manga

Read more

MIDDLE EAST MATTERS

Spat over Iran's UN ambassador hampers thawing relations with US

Read more

FOCUS

China trade deal: Is Taiwan's identity under threat?

Read more

IN THE PAPERS

'Call it a caretaker government'

Read more

DEBATE

Nigeria's Battles

Read more

  • Frantic search for South Korea ferry passengers continues

    Read more

  • Kiev powerless as pro-Russia activists seize armoured vehicles

    Read more

  • Algeria heads to the polls: ‘this election has nothing to do with us’

    Read more

  • Scandal-hit French doctor Jacques Servier dies

    Read more

  • N. Korea not amused by London hair salon's Kim Jong-un ad

    Read more

  • US rolls out red carpet for French critic of capitalism

    Read more

  • Real Madrid beat old foes Barcelona to lift Copa del Rey

    Read more

  • Belgian head of wildlife reserve shot in eastern Congo

    Read more

  • France's new PM targets welfare in drive to cut spending

    Read more

  • Campaigning against Bouteflika's re-election... in France

    Read more

  • Brazil club Mineiro cancel Anelka signing after no-show

    Read more

  • Syria 'torture' photos silence UN Security Council members

    Read more

  • Paris laboratory loses deadly SARS virus samples

    Read more

  • More than 100 schoolgirls kidnapped in northeast Nigeria

    Read more

  • New York police disband unit targeting Muslims

    Read more

  • 'Miracle girl' healthy after seven-organ transplant in Paris

    Read more

  • Paris police memo calling for Roma eviction ‘rectified’

    Read more

  • Burgundy digs into France's bureaucratic 'mille-feuille'

    Read more

  • French court drops ‘hate speech’ case against Bob Dylan

    Read more

  • Algeria rights crackdown slammed ahead of election

    Read more

  • Iraq closes notorious Abu Ghraib jail over security fears

    Read more

  • In ‘Tom at the Farm’, Xavier Dolan blends Hitchcock and homoeroticism

    Read more

Business

Sarkozy says no turning back from euro

©

Text by News Wires

Latest update : 2011-01-27

French President Nicolas Sarkozy dismissed concerns about the euro zone debt crisis at the World Economic Forum on Thursday, saying that France and its European partners would “never turn our backs on the euro”.

AFP -  France's President Nicolas Sarkozy dismissed speculation against the euro Thursday, declaring that he and Germany's Chancellor Angela Merkel would never allow the currency to fail.

"Whether it be Chancellor Merkel or myself, never, never will we turn our backs on the euro. We will never abandon the euro, we will never drop the euro," Sarkozy told the World Economic Forum in Davos.

Watch live streaming video from worldeconomicforum at livestream.com

"The euro spells Europe. The euro is Europe and Europe has spelled 60 years of peace on our continent, therefore we will never let the euro go or be destroyed," he insisted.

"For us, it's not simply an economic issue, it has to do with our identity as Europeans. For those of you who want to bet against the euro, be careful how you invest. We are determined to ensure the strength of the euro."

"It is of such importance that we will be there whenever it needs to be defended. The consequences of it failing would be so cataclysmic that we could never entertain the idea," he declared.

Several eurozone countries are mired in massive public debt, leading some observers to question whether the single currency bloc can hold together, but the French leader has made it clear that this is a political priority.

Date created : 2011-01-27

Comments

COMMENT(S)